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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,

User Stats

31
Posts
7
Votes
Tracy Graham
  • Investor
7
Votes |
31
Posts

Adding value to a BRRRR....

Tracy Graham
  • Investor
Posted

I am about to put a bid on a foreclosure.  its a 3/2 but the single car carport and been closed in.  Studs are up, siding is all completed on the outside, front and back door is installed, no duct work into that room yet, there are still steps that go down to this new space.  I want to finish this space obviously - its about 250sqft.  Needs sheetrock and insulation.  Should I look into making it a BR turning it into a 4/2 or more of a den/sitting area?  What would bring most value? 

I plan to offer 65000 and I'm thinking it will pull $100/sqft on ARV. its right at 1400sqft with the added space.

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